Analysis and Evaluation of the Cobinhood Platform
Analysis and Evaluation of the Cobinhood Platform
About Cobinhood
Cobinhood is the next generation kriptourrency exchange platform that has zero transaction costs. The platorm also provides trading, ICO, and underwriting services. It also guarantees 100 percent money for crypto deposits.
To fund Cobinhood development, the company has launched the ICO, which begins on September 13 and will run until October 22 or when all available 500 million COB marks have been sold.
To be separate, Investors should visit www.cobinhood.com and send an ether (ETH) that you want to invest into ICO to a different address on the landing page. Investors should use MyEtherWallet, Mist, or MetaMask to send ether to an ICO address. This etereum wallet supports the Ethereal-based ERC20 token, which is a type of digital token that Cobinhood releases. Once an investor buys COB with his ether, it will send a COB token to the buyer Etherealum wallet.
Also, as usual in token sales, contributors are offered bonuses if they contribute during the initial phase of ICO.
Problems and Solutions
Cobinhood tackles the issue of high trading costs by building the next digital currency whose cost of investment is zero. This allows traders to retain a higher share because such profits are not necessary with the trading costs to be paid by all digital currencies.
This will be done very well by a very active digital currency that will usually garner quite a lot of money for each week. Cobinhood, however, will not incur transaction costs. Instead, the company will generate revenue by providing margin trading credit up to 10x leverage to be used.
Cobinhood will also provide an initial coin offering underwriting service which will only include and assume ICO that will undergo due diligence before completion for processes requiring only high quality ICO on the platform.
The exchange will receive multiple currencies and plans to be launched with 17 digital currencies. Furthermore, Cobinhood will insure all user funds that will be stored online and will save most of the digital money in various processes to access the latest information for its users.
Services For Investors
The Cobinhood team has done an excellent job of writing keywords submitted by contributors through various videos, live streams and social media.
Companies actively use all communication channels used for sales, such as Twitter, Slack, Telegram, Cocoa, Medium, and BitcoinTalk Forums to engage with the broader digital currency.
Cobinhood has also published its API code on GitHub and has updated it freely as it is under "heavy development" at the moment. Also, sales sales of the sales token can be viewed publicly in EtherScan.
Evaluation and Analysis of ICO
Cobinhood has accumulated a large number of no-cost financial models that will be proposed for use in November. Custom merchants will see margins for buying COB tokens to reduce costs when they trade.
Hopefully the ICO period is up and running, the tokens can also be seen by those who want to invest in this ICO at a favorable price.
Therefore, Cobinhood is the first to release its own digital token and hope will not be the last. Two key token value propositions will find demand from certain cryptocurrency pockets, ie traders and ICO investors, but it will still be difficult to raise funds from the wider community and newcomers to this asset class. Perhaps, if the Cobinhood token will generate earnings / earnings in the form of dividend payouts, the project can raise more money to fund its development.
Analysis of COBs Token
COBs Token, will give users some advantages when performing digital currency exchange.
First, the merchant who interrupts the COBs token will receive a 50 percent discount for the lit interest on the loan. This may be very useful for traders who use leverage to increase their potential when trading digital currencies.
Secondly, after Cobinhood obliges ICO, this can help increase profits for ICO investors who will use the platform.
Third, Cobinhood teams believe that COBs token market value will increase as its platform grows to become one of the world's largest cryptocurrency platforms.
Founder and CEO Popo Chen also stated in a live broadcast of the AMA in September that further benefits for COBs token holders will come in the future.
COBs tokens will be traded in November when Cobinhood launches its digital currency exchange. Given the strong interest that his platform and ICO have accumulated, it is expected that his token will include a list of other popular altcoins as well.
if you want to know more about Cobinhood, you can also read @starkerz's post for more details about the Cobinhood platform.
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